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To: Joe S Pack who wrote (5130)	1/26/1998 4:25:00 AM
From: Chris	Respond to of 42787

Hi Karun, welcome to the thread.. I looked at your MSFT.. weekly buy signal is signaled (very very close to triggering one).. on the daily chart, i have close to overbought status.. however, with the bullish weekly signal, i suspect that this overbought status will be only temporary as the overall power of the rally will override any overbought status even though i dont like to say any tgt prices.... i would think that MSFT will retest old highs (145).. (perhaps after some pullback to alleviate the overbought status) entry point? i would look for entry point between 134.30 to 135.00. where did i get these numbers? 134 => 50 day ma 135 => 9 day ma if the pullback is a big one, i would suspect that msft will not fall below 134.. i would put a buy limit around that area and grab some... hope it helps.. Chris (all of this is highly dependent on mkt direciton)

To: Joe S Pack who wrote (5130)	1/26/1998 4:31:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

dow: still weak... i suspect we are still basing mode.. weekly charts show bearish... that is bad since we are SOO close to 200 ma.. i have a feeling that we will close BELOW 200 ma and actually go BELOW it... i suspect our next support below 200 is 7600 support.. SOX is almost on weekly buy while DOW is not... interesting divergence eh?

To: Joe S Pack who wrote (5130)	1/26/1998 5:00:00 AM
From: Chris	Respond to of 42787

just checked... Naz IS NOT quite yet to weekly buy signal... this just shows you that selection is KEY for this mkt... DOW -- NO weekly signal (not even close) NAZ -- NO weekly signal (1-4 weeks) SOX -- almost green light please note that "weekly" signal is equivalent to 5 trading days... thus, when i say "Weekly buy signal", it does not mean a buy signal on the daily charts or it will rally right away... but the probablities are there, just matter of time.. (thus, you look at daily charts for a more specific timing)